This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

3 Things You Should Know About Small Business: July 20

NEW YORK ( TheStreet) -- What's happening in small business today?

1. ABC's Shark Tank is looking for young entrepreneurs. Young entrepreneurs have until the first week of August to get their submission in to be on ABC's popular series Shark Tank, according to Entrepreneur.com.

Through an initiative with the Young Entrepreneurs Academy (YEA), Shark Tank is seeking applicants ages 11 to 19 to be featured on the show. Several YEA graduates have already been interviewed by the show's producers, Entrepreneur says.

"This growing segment of impressive young minds is carving out a successful niche in the marketplace and we want to speak to them," Shark Tank producer David Polanzak tells Entrepreneur.

2. Should you really do it all? Small business expert Rieva Lesonsky wonders if entrepreneurs are being penny-wise but pound-foolish when they try to do everything at their business by themselves. Based on survey findings from Hiscox, the majority of entrepreneurs handle most tasks in the business alone, Lesonsky says. What's more concerning is that even though business owners know that certain issues like legal, tax and accounting should be handled by professionals, just 26% actually use legal or accounting professionals.

Handling all the facets of your business by yourself could put your company at risk, Lesonsky says in a post on the Score Orange County's website.

"Don't let your passion for your business blind you to the reality that sometimes, you might need outside help. If you can't afford to hire a full-time employee to deal with issues like accounting, and you're not good at it yourself, at least consider getting some part-time help or meeting with your accountant once a quarter," she says.

3. Here are six top Twitter feeds that small business owners should follow. Twitter has yet to be proven as a must-have business tool, despite all the hype about the social media site. For small business owners, perhaps the best way to use the site is as a follower rather than a leader, says Elizabeth Blackwell, a contributor to TheStreet.

Top thought leaders and experts in business today are active on Twitter, which could inspire small business owners or offer suggestions on how to improve their businesses.

A few great Twitter feeds to follow include:

Bill Gross, founder and co-chief investment officer of Pimco

Daniel Pink, author of Drive: The Surprising Truth about What Motivates Us and A Whole New Mind: Why Right-Brainers Will Rule the Future

David Allen, author of Getting Things Done: The Art of Stress-Free Productivity

Bob Sutton, a management professor at Stanford and well-known expert on employee-employer relations

Rosabeth Moss Kanter, a Harvard Business School professor and author who writes about strategy, innovation and management

Finallty, the Small Business Administration, which has an "impressively active" Twitter feed, filled with relevant information and resources for business owners

-- Written by Laurie Kulikowski in New York.

To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com.

To follow Laurie Kulikowski on Twitter, go to: http://twitter.com/#!/LKulikowski

>To submit a news tip, email: tips@thestreet.com.

RELATED STORIES:







Follow TheStreet on Twitter and become a fan on Facebook.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $124.43 -1.54%
FB $82.16 -1.20%
GOOG $548.00 -0.73%
TSLA $188.77 -0.94%
YHOO $44.44 -1.15%

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs